2018 Regular Session

Entitled:

Financial Consumer Protection Act of 2018

Sponsored by:

Status:

Approved by the Governor - Chapter 731

Altering the definition of "unfair or deceptive trade practice" to be "unfair, abusive, or deceptive trade practice"; providing the purpose of the Act is to support enforcement by and funding of the Office of the Attorney General and the Commissioner of Financial Regulation to protect State residents when conducting financial transactions and receiving certain services; requiring the Commissioner to designate an individual as the Student Loan Ombudsman; requiring the establishment of a student loan borrower education course; etc.